Upcoming Changes in GSTR-1 You Must Know

Upcoming Changes in GSTR-1 You Must Know

Upcoming Changes in GSTR-1 You Must Know

GSTN has recently twitted about some upcoming changes in GSTR-1 which are as under:

  1. Column “Total Value” to be removed from Table-12 (HSN wise summary of outward supplies) of Form GSTR-1.
  2. A new entry “Rate of Tax” to be inserted in place of Column “Total Value”. Thus, HSN code to be reported Rate Wise.
  3. Changes in reporting of number of digit of HSN code as per Notification No. 78/2020- Central Tax and 79/2020- Central Tax Dated 15/10/2020.

Following image twitted by GSTN is showing all these changes which is attached below :

You May Also Like: CBDT Issues Clarification in Respect of Residential Status under Income Tax Act, 1961

One thought on “Upcoming Changes in GSTR-1 You Must Know

Leave a Reply

S&P BSE SENSEX  ^BSESN 
₹ 47,705.80  ₹ 243.62  0.51%  
NIFTY 50  ^NSEI 
₹ 14,296.40  ₹ 63.05  0.44%  
NIFTY BANK  ^NSEBANK 
₹ 31,112.70  ₹ 95.70  0.31%  
USD/INR  INR=X 
₹ 75.29  ₹ 0.4430  0.59%  
GSTN Portal new GST signer and disabled “emsigner” ICSI Update 17th April, 2021 Read our new article -https://taxconcept.net/business-news/reveresal-of-itc-on-creditors-written-off/ CBIC- Attention Taxpayers Today is last Date of GSTR-1 GST TAXPAYERS WHO ARE UNDER QRMP SCHEME? Auto-population of e-invoice details into GSTR-1 trial ITR 1 and 4 Utilities for has been available for E-filing for the Assessment year 2021-2022 Accounting Software with Audit Trail